President Obama's deficit commission released a final report Wednesday that recommends sharp cuts in military spending, a higher retirement age and reforms that could cost the average taxpayer an extra $1,700 a year. The panel's 18 members – 12 of them sitting lawmakers – are scheduled to vote on the report Friday.
Though many agree that the deficit is too high, why is it so hard to get everyone on the same page about fixing the problem?
Michael Crowley, TIME Magazine's deputy Washington bureau chief, joins American Morning's John Roberts to talk about why it's so hard to come to an agreement on a debt plan.